Quarters Cover – Decreasing Your Duty By a long way
May 11th, 2010 Posted in Home Insurance
Tags: Home Insurance
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May 16th, 2010 at 10:30 am
Federal government must stay out of home insurance business: The bill deals with "reinsurance" – basically the ins…
May 25th, 2010 at 3:46 am
Very good job. If my house was insured up till a month ago, does a new insurer have to visit? For how long?
June 10th, 2010 at 7:44 am
Home Insurance Contract: If you ask any insurance expert about the key points that you have to keep in mind opting…
June 14th, 2010 at 4:02 pm
Welcome to Crystal & Andrew Donner who brought their home and auto insurance to our agency Friday! Thank you for… h..
June 15th, 2010 at 7:23 pm
Oxendine attacks Barnes over health care reform – Atlanta Journal Constitution #health #obamacare
June 20th, 2010 at 10:14 pm
Adspade: How do you obtain a quote for homeowners insurance on a newly constructed home?
June 21st, 2010 at 6:37 pm
Very helpful on discounts.
June 25th, 2010 at 10:12 pm
Recommended UK Insurance Services and Informations – uk brokers insurance, uk car insurance, uk home insurance, uk insurence news, uk pet insurance
August 1st, 2011 at 3:55 am
Solas IT – Maidstone, Kent – Telesales Insurance Executive – £15,000 to £17,500 + OTE Our client based in Maidstone is looking for a Telesales Insurance Executive to join their team. You will be dealing with inbound calls, cross selling and up selling additional products and following up warm leads. You must be experienced in motor or home insurance sales and have excellent telephone communication skills. Immediate interviews
August 1st, 2011 at 6:31 pm
Insurance companies are wary of lapses in any kind of insurance policies. In your case it just happened to be home insurance.
The single most feared factor in the insurance business is not hurricanes, not bush-fires, not wars, not meteor strikes but what's known as 'moral hazard'. Moral hazard is, in simple terms, lack of inhibition in preferring a claim under less than above-the-board circumstances.
For example, if your camera is insured for home use only, you cannot make a claim if the insured camera suffers damage during a jungle safari. Most of us, being honest persons, would not even want to claim under such circs. However, since, as a rule it takes all kinds to make this world, there exist individuals who would make a claim as if the damage occurred at home. Such individuals are considered to be 'moral hazards'.
Coming back to your original question, insurance companies know from empirical evidence that the incidence of moral hazard is greater – much greater – in those cases where there's a break iin coverage. It's likely that the insured is trying to renew the policy after a loss has occurred.
You need to provide evidence to the insurance company that you did not intend to let the policy lapse. That it lapsed, is a fortuitous happenning (please note the wording – underwriters love such language) and not a deliberate omission. 'I do not want to be penalised for something over which I had no control' is the line you need to take. You could strike lucky with this line.
August 7th, 2011 at 5:29 am
Guildford, Surrey – Busy high street insurance office seeks smart, ambitious, self-motivated individuals. Ideally with a background in motor or household… insurance, sales, banking or finance, although full training will be provided. Excellent prospects and career progression. Please telephone or send
August 28th, 2011 at 3:27 am
RT Tips for Dating Superheroes #2: Buy extra insurance: life, health, dental, home, auto, fire, the works.
September 10th, 2011 at 12:50 pm
Yes, your insurance may go down.
Make sure to inform the renters they might want to consider renters insurance as your policy will only cover the dwelling but not the contents inside (the renters property). It's free to get a quote, and generally it's inexpensive.